Day Two in Baku – World Leaders Summit and a Global Carbon Deal
s the global average temperature reaches 1.54°C in 2024, COP29 continues for its second day in Baku after success in agreeing a centralised carbon market under the UN.
COP29 Begins In Baku
As COP29 officially starts today in Baku, IRENA’s latest report signals to the gap remaining between political announcements and actual country plans and policies, calling for ambitious NDC updates that reflect the global pledge to triple renewable power capacity and double energy efficiency by 2030.
Climate Adaptation on the Agenda at COP29
UNEP’s Adaptation Gap Report 2024 finds that nations must dramatically increase climate adaptation efforts, starting with a commitment to act on finance, one week ahead of the World Leaders Climate Action Summit at COP29.
The US Election- What Does It Mean For COP29?
The expected policy shift as a result of Donald Trump’s win in yesterday’s election is a great cause for uncertainty for the global climate community. However, it is also a moment to reflect on the importance of actionable climate strategies, especially ahead of the UN’s climate negotiations due to take place next week in Baku.